Quarterly report pursuant to Section 13 or 15(d)

ACQUISITION - Preliminary purchase consideration (Details)

v3.21.2
ACQUISITION - Preliminary purchase consideration (Details) - USD ($)
Apr. 01, 2021
Sep. 30, 2021
Purchase Price Allocation    
Goodwill   $ 1,676,239
Continental Benefits    
Purchase Price    
Equity value $ 13,262,000  
Cash acquired (4,762,000)  
Total purchase price paid, net of cash acquired 8,500,000  
Purchase Price Allocation    
Restricted cash 6,622,035  
Accounts receivable 92,231  
Prepaid expenses and other current assets 131,413  
Property and equipment 1,601,990  
Operating lease - right of use assets 1,532,925  
Goodwill 1,676,239  
Security deposits 54,869  
Account payable (925,608)  
Accrued expenses (1,267,708)  
Accrued fiduciary obligations (4,070,908)  
Operating lease liabilities (1,716,246)  
Deferred tax liability (2,151,012)  
Deferred revenue (1,205,220)  
Other long-term liabilities (45,000)  
Total fair value of net assets acquired and liabilities assumed 8,500,000  
Continental Benefits | Intangible assets    
Purchase Price Allocation    
Intangible assets 1,010,000  
Continental Benefits | Capitalized Software    
Purchase Price Allocation    
Intangible assets 1,230,000  
Continental Benefits | Trademarks    
Purchase Price Allocation    
Intangible assets 1,860,000  
Continental Benefits | Patents and patent applications    
Purchase Price Allocation    
Intangible assets 700,000  
Continental Benefits | Customer relationships    
Purchase Price Allocation    
Intangible assets $ 3,370,000